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Originally Posted by Jewish Rabbi
My thought was also that BTC would drop to around $5500 after the dump off from the S2X fork, so while watching this isn’t fun it isn’t totally unexpected.
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I’ve read that the miners are supporting Bitcoin Cash and selling off their bitcoins and changing them into Bitcoin Cash...after the SegWit2x fork was cancelled there are serious questions about scaling with the legacy bitcoin. I sold at 6900, but I might buy back once it hits 5600-5800, the next fib level.
Also, Bitcoin gold doubled in value today.